Haselkorn & Thibaut Opens Inquiry Into Earl Eugene Newsome at LPL Financial, Spring TX

Haselkorn & Thibaut Launches Investigation into Earl Eugene Newsome, LPL Financial – Spring, TX

Haselkorn & Thibaut, a national investment fraud law firm, has initiated an investigation into Earl Eugene Newsome (CRD #2436856), a registered financial advisor in Spring, TX, currently affiliated with LPL Financial LLC. If you are a current or former client of Mr. Newsome—or simply reviewing your investments—it’s important to stay informed and understand your options. Below, we provide a thorough, up-to-date review of Newsome’s background, employment history, and an unfiltered summary of any publicly available complaints or regulatory actions.

Who Is Earl Eugene Newsome?

Earl Eugene Newsome is a veteran financial advisor licensed in multiple states since the early 1990s. As of July 2025, he is primarily based at LPL Financial LLC in Spring, Texas. His professional background spans a number of major firms, reflecting extensive experience in securities and insurance sales.

Licensing and Credentials:

• CRD Number: 2436856
• Registered with one SRO
• Licensed in multiple states
• Passed SIE, Series 7, and Series 63

Understanding Client Complaints and Regulatory Findings

Haselkorn & Thibaut’s investigation places great emphasis on transparency and accountability for investors. One of the first steps in any investor’s due diligence process is to review available regulatory data and complaint histories on financial professionals. Here’s an updated look at the public record for Earl Eugene Newsome, with a complete list of known customer complaints and regulatory findings.

Current Status on FINRA BrokerCheck

According to FINRA BrokerCheck (pulled June 2024), there are zero customer complaints, arbitrations, or regulatory actions filed against Mr. Newsome. No lawsuits, civil judgments, or regulatory investigations appear under his profile at this time.

Past Legal and Regulatory Issues

Despite the clean BrokerCheck record as of June 2024, our research has identified several notable disputes and allegations from past years:

• Pending Customer Dispute (August 2025, at NEXT Financial Group, Inc.):
  • Allegation: Customers claim that two indexed universal life insurance policies purchased in 2016 were unsuitable and poorly designed for their situations.
  • Claimed damages: $198,000
  • Status: Pending review or arbitration.
• Prior FINRA/NASD Arbitration (2005, while at Royal Alliance):
  • Allegation: Unsuitable variable life insurance recommended in approximately 1999.
  • Resolution: Settled for $92,500 in total; Mr. Newsome individually contributed $40,000.
• Customer Dispute (Written complaint, 2006):
  • Allegation: Misrepresentation or deceit concerning the lapse of a 1999 insurance policy.
  • Status: Withdrawn/Closed (as of October 2008).

Summary Table: Earl Eugene Newsome – Complaints & Settlements

Potential Red Flags and Investor Concerns

• Allegations of Unsuitable Recommendations: Multiple complaints allege that Mr. Newsome recommended insurance products that clients claim were not appropriate for their needs. Making recommendations that do not match a customer’s objectives may violate industry suitability standards.
• Settlements and Ongoing Disputes: The presence of a six-figure settlement and a pending $198,000 dispute should prompt investors to consider the importance of due diligence and regular account reviews.
• No Regulatory or Civil-Action Record (as of latest updates): No findings by FINRA, SEC, or state regulators have been reported. No disciplinary or enforcement actions are recorded online from credible regulatory sources.

What Should Investors in Spring, TX (and Nationwide) Do Next?

If you have invested with Earl Eugene Newsome at LPL Financial LLC—or through his prior affiliations with NEXT Financial Group, Inc., 1717 Capital Management Company, or Royal Alliance Associates, Inc.—it’s critical to protect your interests. Here are practical next steps:

• Check Your Account & Investment History: Review your portfolio for insurance or other products purchased on his advice, especially large or complex life insurance policies.
• Request a Free, Confidential Case Review from Haselkorn & Thibaut: If you have concerns about losses, suitability, or handling of your account, call 1-888-994-8066 today. We offer complimentary consultations and only charge if you recover funds (“no recovery, no fee”).
• Stay Proactive: Even if you haven’t noticed problems now, regular reviews can identify areas of concern before losses accumulate. If you spot any irregularities, don’t hesitate to seek third-party advice.

How Haselkorn & Thibaut Can Help You

With over 50 years of combined experience, a 98% success rate and millions recovered for investors, Haselkorn & Thibaut is a trusted advocate for those seeking to recover investment losses related to stockbroker or advisor misconduct. We handle cases nationally, and always put client interests first.

• Personalized review of your investment losses or suspicious transactions
• Guidance through the FINRA arbitration process—where most disputes are resolved
• Complete confidentiality and no
  
  Disclaimer: The information contained in any post on this website is derived from publicly available sources and is not guaranteed as to accuracy and often involves allegations which may or may not be proven at some point in the future. All posts are believed to be accurate as of the time of original posting, but the accuracy and details are subject to and expected to change over time and which may contain opinions of the author at the time posted.